Blog – Page 282

May 6
2009

EUR/USD Down as Stocks Fall Despite Good Fundamentals

EUR/USD declined fro the second day after rising earlier today as the stock markets failed to sustain a growth and corrected almost to a zero daily change after opening positively today. Very good fundamental reports were released in U.S. today and yesterday but they failed to inspire the markets for another bullish wave. EUR/USD is now trading near 1.3282. ADP employment change was […]

May 5
2009

Know Any Good Free Forex Sites?

I am currently working on a project that has a lot to do with the free Forex sites. If you know any good free sites that offer information about trading, or some downloads, or EAs, or anything else interesting, please, post the URLs in a commentary below. If you own such site this is a good chance for you to promote it :). But the site should be free, I dont need any affiliate or broker sites […]

May 4
2009

Dollar Loses Against Euro as Housing Sector Improves

Housing sector in U.S. showed some improvement today, while the stock markets were less than usually concerned with the swine flu outbreak and the global recession. EUR/USD rose for the second day today and is now trading near 1.3328. Construction spending rose by 0.3% in March compared to February level. That was the first gain in more than a year. February change […]

May 3
2009

OrderSend Error 129 — What to Do?

When using some MT4 expert advisors you may have encountered a rather annoying error message, which reads «OrderSend Error 129». This error should be avoided during EA’s creation, but even if you aren’t the author of the problematic EA, this error is rather easy to fix. OrderSend Error 129 in MetaTrader platform is internally called ERR_INVALID_PRICE («Invalid Price»), which means that expert advisor is trying to open an order with the invalid current price. […]

May 2
2009

EUR/USD Ends Week Just a Bit Above Open Level

EUR/USD gained yesterday and ended the week in the moderately positive zone as the fundamentals reports in U.S. were predominantly good for the worlds economy and bad for the low-yielding currencies, such as the dollar. EUR/USD ended the week at 1.3274. Michigan sentiment index grew from 57.3 to 65.1 in April — the highest value since September 2008. It was expected to go up to 61.5. Factory orders decreased […]

May 2
2009

Forex Technical Analysis for 05/04—05/08 Week

EUR/USD trend: sell. GBP/USD trend: hold. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2567 1.2726 1.2983 1.3142 1.3399 1.3558 1.3816 GBP/USD 1.4025 1.4210 1.4444 1.4629 1.4862 1.5047 1.5281 USD/JPY 93.29 94.96 96.06 97.73 98.83 100.50 101.60 EUR/JPY 123.18 […]

April 30
2009

EUR/USD Fails to Remain on Top

EUR/USD spiked up during the early trading session reaching as high as 1.3385 (the highest level since April 13) after opening at 1.3256 but after the fundamental reports in U.S. showed that the worlds biggest economy is stalling the currency pair rolled back below the daily open level. Its now trading near 1.3244. Initial jobless claims decreased from 345k (revised up from 340k) to 331k last week, which […]

April 29
2009

Is Forex Easier for You with Forex4you?

Another Forex broker that offers a technically easier start for the new Forex traders was added to my Forex broker list today — Forex4you. Although they claim to be on-line since 2007 Ive never heard about this broker until several days ago, but they look worth looking at. Its a MetaTrader 4 broker with very easy starting conditions. You only need $1 to open a real trading account and you […]

April 29
2009

U.S. GDP — Down, EUR/USD — Up

Despite the huge and quite unexpected drop of the U.S. gross domestic product in the first quarter of 2009 reported today, the stock markets rose globally, spurring euro and other high-yielding pairs in their gain against the greenback. The interest rates left unchanged werent a big news for the Forex traders. EUR/USD is now trading near 1.3264. According to the advance report GDP decreased […]

April 28
2009

EUR/USD Rebounds After Yesterday’s Drop

EUR/USD rose a little today after falling significantly yesterday. Todays trading session opened with the bearish sentiment and the currency pair managed to reach the lowest value since last Wednesday but later the rate began to rise. Fundamental reports from U.S. were better than the analysts expected, so that played in the euros favor as traders felt less obliged to buy «safe» dollar. EUR/USD […]